Tension is rising among interested investors in the three nationalised banks as financial advisers appointed to value the banks have failed to submit their reports. The consultants, appointed in August last year to act as advisers in the sale of the nationalised banks, were meant to submit their reports on […]
Tag: AMCON
FirstRand eyes nationalised banks to complement merchant licence
FirstRand Limited, South Africa’s second-largest bank, has said it needs to buy a retail and commercial bank in Nigeria to support its investment bank and win access to consumer deposits for corporate funding. The Chief Executive Officer, First Rand Merchant Bank, Mr. Alan Pullinger, said on Friday, “We can run […]
AMCON to take over assets of chronic debtors
The Asset Management Corporation of Nigeria will obtain court order to take over assets of some debtors who have made no reasonable progress to pay back their debts, investigation by our correspondent has revealed. It was gathered from a top official in AMCON on Tuesday that although some debtors were […]
